NewPoint Real Estate Capital Closes $28.6M Fannie Mae Refinance for Castle Rock Multifamily Property

CASTLE ROCK, Colo. — December 3, 2025 — NewPoint Real Estate Capital LLC has provided a $28.6 million Fannie Mae Conventional loan to refinance Vistas at Plum Creek, a 186-unit multifamily property in Castle Rock, Colorado.

Multifamily Real Estate Refinance Details

The five-year, fixed-rate loan includes interest-only payments for the full term and a 35-year amortization schedule. The loan was originated by Laurie Morfin, senior managing director, and David Bleiweiss, managing director, on behalf of Investors Management Group Inc. (IMG), according to NewPoint Real Estate Capital.

“NewPoint is pleased to support IMG’s continued investment in high-quality multifamily assets like Vistas at Plum Creek,” Bleiweiss said in a statement. “We were able to structure an execution that aligns with the sponsor’s goals for long-term stability and cash flow optimization.”

Property Overview

Built in 1987 and upgraded under IMG’s ownership, Vistas at Plum Creek offers one- and two-bedroom residences with modern finishes and community amenities including a pool, clubhouse, fitness center, outdoor lounge areas with BBQs, and open-space views. The property is located midway between Denver and Colorado Springs, providing access to employment centers, retail, and recreation.

NewPoint’s Role in Commercial Real Estate Financing

NewPoint Real Estate Capital is a commercial real estate finance company that provides lending solutions for multifamily, affordable housing, seniors housing, healthcare, and manufactured housing properties nationwide. The firm is an approved Fannie Mae DUS®, Freddie Mac Optigo®, and FHA/HUD MAP and LEAN lender. NewPoint Real Estate Capital is owned by Franklin BSP Realty Trust, which is externally managed by Benefit Street Partners, a subsidiary of Franklin Resources Inc. (Franklin Templeton).

Sources

Source: NewPoint Real Estate Capital